Fusion Advisor Network, a provider of support and practice management services to independent broker-dealers and financial advisors, announced Wednesday the launch of THRIVE, a program that assists advisors in managing their health, wellness and stress level, reconciling the demands of the business and their family to derive more personal satisfaction from their practice.
“We found when working with advisors that many of them achieve tremendous professional success and profitability but the price they pay is high: increased stress levels, little time devoted to family or hobbies and constantly feeling that the business is a ‘burden,’” said Stuart Silverman, Fusion’s CEO. “We believe that the beauty of owning your own business is the ability to balance professional success with personal life. We listened to what our advisors were telling us about finding balance in their lives and developed this program based on their needs. We ultimately believe that the business can and should contribute to the personal lives of advisors, just like a well-rounded life can help advisors perform professionally.”
Based on survey feedback from Fusion-affiliated advisors, of which AdvisorOne contributor Philip Palaveev, (left), is president, there is a growing trend of advisors feeling professional “burn out” – a sense of stress and lack of enthusiasm. Nearly 68% of respondents indicated they would like to manage stress better and find a better balance of life. Fully100% said they would like to spend more time with their families.